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EarthLink Breaks Its String of Losses with Third Quarter Profit.

Knight Ridder/Tribune Business News

| October 22, 2003 | COPYRIGHT 1999 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

By Bill Husted, The Atlanta Journal-Constitution Knight Ridder/Tribune Business News

Oct. 22--After weathering 14 straight quarterly losses, Atlanta-based Internet provider EarthLink turned a profit for the third quarter ended Sept. 30.

It was the first profitable quarter since Atlanta-based MindSpring and California-based EarthLink merged in February 2000 to form the new company that kept the EarthLink name and Atlanta as the headquarters.

EarthLink stock soared 13.3 percent on the news, closing up $1 at $8.52.

Garry Betty, president and chief executive, Tuesday credited operational efficiency as one reason for the turnaround.

The operational efficiencies at EarthLink mostly came through job cuts. In January, EarthLink announced it would cut …

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Source: HighBeam Research, EarthLink Breaks Its String of Losses with Third Quarter Profit.

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